Banco Santander Provides $28.4 Million Refinance Loan To Yossi Edelkopf For Haines City Multifamily
3119 Camelot Drive
$28,400,000
$69/SF
Building Size
410,000 SF
Asset Type
MultiFamily
Closing
Feb 28, 2025
AI
The asset involved is a MultiFamily property located at 3119 Camelot Drive in Haines City. The transaction includes a loan amount of $28,400,000.00, which is part of a refinance arrangement with specific loan terms set at 6.5% interest for a duration of 5 years.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $28,400,000.00
- Loan Type: Refinance
- Loan Terms: 6.5% interest for 5 years
- Lender: Banco Santander
- Lender's Representative: Managing Director from Walker & Dunlop
- Landlord: Yossi Edelkopf
- Loan Date: 02/28/2025
Key individuals involved in this transaction include Yossi Edelkopf as the landlord and the Managing Director from Walker & Dunlop representing Banco Santander in the lending process. The involvement of these parties indicates a structured approach to refinancing this MultiFamily asset within the Haines City market.
Players
Haines City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93